ChainCatcher reports that Alex Kuptsikevich, Senior Market Analyst at FxPro, stated in a report that the increased risk appetite in the market following the Fed's decision has helped cryptocurrencies reach new highs in the past three weeks.

"The downtrend since March has been in place, with the previous peak of around $64,000 coinciding roughly with the 200-day moving average. We believe Bitcoin may encounter strong resistance at this level, and once this point is broken, the path upwards will be open," said Kuptsikevich.